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5162 Ithaca Ave Los Angeles, CA 90032
Listing 23-245407
  • Garage 4
  • Price/Unit $230,000
  • Cap Rate 4.3
  • Zoning LARD1.5
  • Price/SF $446
  • GRM 14.6
  • Bldg Size 2,576 sq. ft
  • Status For Sale, Off Market Inventory
  • Year Built 1926
  • Property Type Multi-family

About This Property

Looking for an investment opportunity in the heart of Los Angeles? Look no further than 5162 Ithaca Ave in the charming neighborhood of El Sereno. This well-maintained 4 unit building offers spacious 2 bedroom, 1 bathroom units, all individually metered for gas and electricity. There is one additional "bonus unit" in a studio configuration. The property boasts 3 garages with high ceilings and 1 surface parking space. The SFR was built in 1926 and exudes charm and character. The rear building was built in 1958. The lot size of 4,800 square feet offers ample outdoor space for your tenants to enjoy. With a gross rent multiplier of 14.6 and a capitalization rate of 4.3%, this property offers a solid return on investment. El Sereno offers a unique blend of urban and suburban living. The area also boasts beautiful parks and recreational areas, such as Ernest E. Debs Regional Park and the Arroyo Seco. It also has easy access to the 10 and 710 junction and proximity to California State University Los Angeles and DTLA. Don't miss your chance to own this for only $1,150,000. Contact us today to schedule a showing and see this property for yourself!

Property Details

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